Another term for emotions and moods is ______.
A. personality
B. attitudes
C. effect
D. affect
D. affect
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Scrubber, Inc presented the following information in a note to its financial statements for the year ending December 31, 2016: The company has a loan agreement with Mountain State Bank that states: 1 . The current ratio should remain at least 2.0 to 1 at all times. 2 . The debt-to-equity ratio should not exceed .7 to 1 at any time. 3 . The company must maintain $75,000 cash at all times. The
ratios at year-end are: current ratio, 2.3 to 1 and debt-to-equity ratio, .2 to 1 . The amount of cash on the bank statement is $75,400, but the cash account after the adjustments from the bank reconciliation has a balance of $74,900 . Has Scrubber violated its loan agreement? a. No b. Yes, the cash balance is less than $75,000. c. Yes, the current ratio is .3 or 30% larger than the agreement indicates. d. Yes, the cash balance is less than $75,000, and the debt-to-equity ratio is overstated.
Which of the following items would not be accounted for under current GAAP as a change in estimate?
A) an increase in the expected life of a piece of manufacturing equipment B) a decrease in the estimated residual value of a delivery van C) a change from FIFO to LIFO for a small subsidiary D) an increase in defective items for the best selling video game
Outside marketing research companies hired to supply marketing research data are called external suppliers
Indicate whether the statement is true or false
During the decline stage of the product life cycle, pull marketing is generally eliminated
altogether. Indicate whether the statement is true or false